During Thursday's US trading hours, the stock price of IBM plummeted by almost 10.00%, as it lost 9.69% or 1375 points. The drop was caused by worse than forecast quarterly earnings.
At the start of Wednesday's US trading hours, the price for Bitcoin reach a new all-time-high level, as the 66,000.00 mark was reached. Up to the middle of Wednesday's trading the price had gained 2.89%. Take into account that the price has been surging since September 29. Since September 29, the price has gained 61.58% or 25,265.80 USD.
On Wednesday, Lufthansa initiated a stock rights offering. As a result of the event, the price of the stock plummeted by 27.92%. The stock offering was made to raise capital. Namely, the company decided to raise 2.14 billion Euros to pay back the German government a part of the state aid that the company received during the coronavirus pandemic. The subscription
At the start of Friday's trading, the stock price for Ping An Insurance, 2318.HK, dropped by more than 8.50%. However, no news that could have caused the drop were spotted on news agency feeds. Ping An Insurance (Group) Co. of China Ltd. engages in the provision of financial products and services. It operates through the following segments: Insurance, Banking, Trust,
At mid-day on Wednesday, the price of gold started a decline, which by the middle of Thursday's European trading had extended by more than 3.00% when the commodity price hit the $1,750.00 level. The decline was attributed to the continuous strengthening of the US Dollar. Namely, on Wednesday at 12:30 GMT, the Empire State Manufacturing Index came in at 34.3
On Wednesday, crude oil prices continued to surge, as the price for US Light crude oil reached above the $73.00 level. Since Tuesday, 17:00 GMT, the price had gained more than 4.20%. Crude oil prices have been surging since August 22. Since that day the price for oil has increased by more than 18.00%. Global market analysts attribute the surge
At the start of Wednesday's European trading, the stock price for Carrefour dropped by 5.25% or 0.88 EUR. The value was lost due to the French billionaire Bernard Arnault selling the company's stock after being invested for 14 years. Arnault held a 5.7% stake in the company, which by being sold has flooded the market with shares.
At the start of Tuesday's trading, the stock price for Zoom Video Communications plummeted by 15.97% or $55.66. The move occurred due to the company reporting a bigger than expected decline in demand for its software. The decline of the demand has been ongoing due to the global economy reopening in the aftermath of the coronavirus lockdowns. Previously, on
Since Nvidia announced its quarterly earnings on August 19, the stock price of the company has been surging. The stock price has gained 15.72% or $29.88 and booked a new all-time high at $219.60 by the close of Monday's US trading. On Tuesday, pre-market data indicated that the stock would resume trading at the new all-time high level.
At the start of Monday's London trading hours, the stock price of Sainsbury's jumped by 12.44% or 36.47 GBP. The surge was caused by reports of equity firms launching bids for the company. The Sunday Times reported during the weekend that various private equity firms, including Apollo Global Management, would make a bid for Sainsbury. Bids of more than 7
At the start of Friday's US trading hours, the stock price of Amazon plummeted by 7.67% or almost 280.00 USD due to a string of bad news. Among the news were a rare miss of forecast quarterly earnings, US Federal Drug Administration notice about harmful drug sales, a revealed decrease in sales growth and $886 million fine by the
At the start of Wednesday's US trading hours, the stock price of Boeing jumped by 5.39%. The jump was caused by the company revealing that in a period of two years the company had finally made profit.
During Tuesday's Asian trading hours, the stock price for Tencent, 0700.HK/HKD, dropped by 6.50% or 31.00 HKD. Moreover, the stock price extended a larger decline, which has been occurring since July 15. In total, the price has declined by 22.18% The decline is attributed to a string of bad news. Namely, on July 10, the Chinese government blocked a video
On Tuesday, the US Light Crude oil price and other oil price benchmarks had reached 2018 high levels. The surge of crude oil prices started, as on Monday the OPEC+ countries met to agree upon a common oil production policy. However, the meeting encountered a stand-off between Saudi Arabia and the United Arab Emirates. Afterwards, OPEC+ announced that it would
At the start of Monday's European trading hours, the stock price of Morrisons Supermarkets jumped by 10.33% or 24.88 GBP. The stock price surged due to the fact that on Saturday the company agreed to an $8.7 billion takeover bid. The most recent bid was made by Fortress Investment Group, which is owned by SoftBank. The offer outbid the
On Friday, at 12:30 GMT, the US Dollar declined in value due to the publication of US employment data. The EUR/USD surged by 27 base points in the five minutes following the release. The data release consisted of three data sets. The Average Hourly Earnings change, the Non-Farm Employment Change and the Unemployment Rate were released. The Average Hourly Earnings changed
At the start of Wednesday's US trading hours, the stock price for AMD jumped by 4.30% or $3.80. The stock has recovered losses that were suffered since January. The stock price extended a surge, which began two weeks ago. On June 17, it was revealed that Google would use AMD chips for their new services instead of competition. Namely, there
The stock price of Microsoft has been surging since the middle of May. Most recently, the stock price hit the $271.65 level and booked a new all-time-high level. The surge can be explained by various factors. First of all, the price had finished a retracement down on May 13 in the aftermath of booking a high on April 27. Namely, the
On Monday, June 28, the stock price of Facebook surged by 4.43% or $15.20. By doing so, the company's total valuation reached above one trillion USD. The surge of the stock was caused by the announcement that a US Judge had dismissed state and federal antitrust claims against Facebook, which wanted the company to sell WhatsApp and Instagram. In the meantime
At the start of Thursday's US trading hours, the stock price for Nvidia hit a new all-time record level, as the price hit the 727.00 level. The stock price has extended a more than 33.00% surge which started on May 19. The stock price has been surging since the announcement of an upcoming stock split and better than forecast
During Wednesday's trading hours, crude oil prices hit a new record high. In the case of the surge continuing, crude oil price benchmarks could reach 2019 high levels. For example, on Wednesday morning, the price for US light crude oil was 4.10 USD from 2019 high level. The gains in crude oil prices were attributed to a recovery in demand
During early Thursday's US trading hours, the stock price of General Motors tested its all-time-high level at 66.44.The stock price has been surging since May 12. Since that date the price has gained 17.83%. The surge can be attributed to an initial recovery after a period of retracing back down in the aftermath of booking a new all-time-high level. Afterwards, it
At the start of Wednesday's US trading hours, the stock price of Nvidia hit a new all-time-high level at $661.00 per share. The stock price extended a surge, which started on May 19. Since then, the price had gained 21.87%. The surge was attributed initially due to the announcement of a 4-for-1 stock split. Moreover, it was followed up by
During Friday's US trading hours, the stock price of Nvidia surged by 3.77%. The move was attributed to the company announcing a 4-for-1 stock split. The company intends to make its stock less expensive for new potential investors. In addition, note that the recent move extended a recent recovery of the stock price into its third day. In total, the stock